Hemanth Patwari (Article) 13 September 2016
I have gone through the section. The following points of the section werent clear to me and I require some clarification on it.
1. What if the residential property is alloted to two person of a family i.e husband and wife ?
2.In case of some flats left unsold in the project and taken for personal use/gifted/given to brokers instead of their commision . Will the deduction from profit granted to it ?
3.In case of partial defaults on any of the conditions laid down u/s 80IBA, will the deductions be on partial basis or is it that the deduction will be cancelled ?